About Hammerspace
Hammerspace is a company based in Los Altos (United States) founded in 2018 by Douglas Fallstrom, Trond Myklebust, and David Flynn.. Hammerspace has raised $156.7 million across 2 funding rounds from investors including ARK Investment Management, Altimeter Capital and Ark Invest ETFs. Hammerspace has completed 1 acquisition, including Rozo Systems. Hammerspace offers products and services including Data Platform, Single Global Namespace, and Standards-Based Parallel File System. Hammerspace operates in a competitive market with competitors including UST, Genpact, Happiest Minds, Accenture and 1&1 IONOS, among others.
- Headquarter Los Altos, United States
- Founders Douglas Fallstrom, Trond Myklebust, David Flynn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$156.7 M (USD)
in 2 rounds
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Latest Funding Round
$100 M (USD), Series B
Apr 16, 2025
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Investors
ARK Investment Management
& 4 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Hammerspace
Hammerspace offers a comprehensive portfolio of products and services, including Data Platform, Single Global Namespace, and Standards-Based Parallel File System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Unifies and accelerates access to distributed data for compute-intensive tasks
Spans sites and clouds for seamless data access and synchronization
Combines HPC performance with enterprise NAS simplicity for efficiency
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Funding Insights of Hammerspace
Hammerspace has successfully raised a total of $156.7M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $100 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $100.0M
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First Round
First Round
(18 Jul 2023)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series B - Hammerspace | Valuation | Altimeter Capital | |
| Jul, 2023 | Amount | Series A - Hammerspace | Valuation | Prosperity7 Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hammerspace
Hammerspace has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include ARK Investment Management, Altimeter Capital and Ark Invest ETFs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Long/short equity hedge fund and VC fim
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Founded Year | Domain | Location | |
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Venture capital fund focused on enterprise tech, fintech, deep tech, AI, B2B, B2C, and medtech companies
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Founded Year | Domain | Location | |
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Manages ETFs focused on investments in disruptive innovation.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hammerspace
Hammerspace has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Rozo Systems. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Scale out NAS storage
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hammerspace
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hammerspace Comparisons
Competitors of Hammerspace
Hammerspace operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, Happiest Minds, Accenture and 1&1 IONOS, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hammerspace
Frequently Asked Questions about Hammerspace
When was Hammerspace founded?
Hammerspace was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Where is Hammerspace located?
Hammerspace is headquartered in Los Altos, United States. It is registered at Los Altos, California, United States.
Who is the current CEO of Hammerspace?
David Flynn is the current CEO of Hammerspace. They have also founded this company.
Is Hammerspace a funded company?
Hammerspace is a funded company, having raised a total of $156.7M across 2 funding rounds to date. The company's 1st funding round was a Series A of $56.7M, raised on Jul 18, 2023.
What does Hammerspace do?
Hammerspace was founded in 2018 and is headquartered in Los Altos, United States. The company operates in the storage management sector, where a platform is utilized that incorporates machine learning, data virtualization, and metadata. Solutions offered include cloud analytics, network-attached storage (NAS), storage area networks (SAN), object data management, and hybrid cloud management to address data infrastructure needs.
Who are the top competitors of Hammerspace?
Hammerspace's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
What products or services does Hammerspace offer?
Hammerspace offers Data Platform, Single Global Namespace, and Standards-Based Parallel File System.
How many acquisitions has Hammerspace made?
Hammerspace has made 1 acquisition, including Rozo Systems.
Who are Hammerspace's investors?
Hammerspace has 5 investors. Key investors include ARK Investment Management, Altimeter Capital, Ark Invest ETFs, Prosperity7 Ventures, and Pier 88 Investment Partners.
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